Multiple Choice Questions on A dishonest shopkeeper sells mangoes at Rs 30 kg bought at Rs 20 kg and he is giving 800 g instead o........... for SSC CGL Exam Preparation

Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    A dishonest shopkeeper sells mangoes at Rs 30/kg bought at Rs 20/kg and he is giving 800 g instead of 1 kg. The shopkeeper’s actual profit percentage is:

    This questions was previously asked in
    ssc cgl 2023 pre

    75%

    Incorrect Answer

    37.5% 

    Incorrect Answer

    50%

    Incorrect Answer

    87.5%

    Correct Answer
    Explanation:

    - The shopkeeper buys mangoes at Rs 20/kg.

    - He sells them at Rs 30/kg.

    - However, he gives only 800 g instead of 1 kg for the same price.

    - Effective selling price per kg becomes \( \text{Rs } (30 \times \frac{1000}{800}) = \text{Rs } 37.5\).

    - The profit per kg is \( \text{Rs } (37.5 - 20) = \text{Rs } 17.5\).

    - To find the profit percentage, use:

    ```

    Profit Percentage = \left( \frac{\text{profit per kg}}{\text{Cost price per kg}} \right) \times 100

    ```

    - So,

    ```

    Profit Percentage = \left( \frac{17.5}{20} \right) \times 100 = 87.5\%

    ```

    - ?? The correct answer is Option 4: 87.5%.


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